Words / D / Business

duty drawback

noun

C2CEFR level
90/100Rarity: very rare
TechnicalRegister

A refund of import duties paid on goods that are later re-exported or used to make exports.

We recovered two years of duty drawback on components that shipped right back out as finished goods.

Topic: Operations in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Operations